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House prices down by a staggering 4.4% in July

Aboutproperty.co.uk reported that according to the latest data update by Hometrack, house prices have continued to fall in July.

Hometrack is a property intelligence organisation that provides information to both the UK mortgage and UK housing industries. Hometrack has stated that, that during July 2008, property prices suffered a decline of 4.4. percent, Aboutproperty.co.uk has reported.

On the same note, Bloomberg.com has reported that, according to Hometrack Ltd, July’s house price drop reveals one of the biggest annual declines of the last seven years. Hometrack further said that in the last three months, the demand for housing has dropped by 20 percent.


With fewer consumers in a position to purchase property, many homeowners who want to sell their houses are questioning whether they would be able to sell their houses in this chaotic climate.

MPG Investments is the UK’s leading property buyers, and during this time of uncertainty, their services offer reassurance for property owners.